C Corporation

What is the definition of C Corporation? Learn what you need to know about this term.

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What is a C Corporation?

A C Corporation (C Corp) is a type of business structure recognized by the IRS, characterized by its separate legal and tax status from its owners, the ability to issue stocks, and shareholders. It is taxed as a separate entity and can be held liable for its own debts.

Other common types of legal business entities include Sole Proprietorship and LLC.